RE: RE: I don't understand it but the shares are d Hello TimeBuilder haven't seen you here before .... but all are welcome as you suggest except we don't need long time non shareholders crapping on the company and stock like Downer as he has done for years.
As for your comments they are all food for thought ! I believe for the most part the management of this company is sound and is much changed from the past ! they have taken this stock from a company that had died, shareprice down to .02 I believe at one time and in my time faced delisting from the TSX.
They have in my opinion poured themselves into this company have survived the delisting threats, poured a ton of time, energy and money into the mill and have it up and running now and soon to be producing all they can pour into it.
They have done endless prospecting :-) oh it is called drilling now days .... and have shown that there is a large amount of gold reserves on their property in Nevada. It is a huge property and they have a now, winterized and refurbished mill that is ready for action.
They have opened the existing mines and are looking at opening more on the property as well as Ketza ... they make more NR's then they ever did before many and most of which are positive ! In my opinion Baldock took this from a failling boarded up mill and has made it something. He did what he set out to do and still sits on the board and is very influencial in the goings on of the company and mill ...
With saying that there are also a lot of very knowledgeable and wealthy investors on the board and involved in the company ...
Now ... has this all come at a cost ... yes ... the fact that it now has almost 1 billion outstanding shares ... well what does that mean ... in my humble opinion that means the share price trades below value but where it is .... that means it is affordable and a great chance to make a good profit which i am and many have done in the past and present. That means that with out a share consolidation it may never reach the $10 per share price or ? BUT ... even if it hits $1 plus which is very possible and likely we make great money. Is it a gamble .... well ya ... that is the stock market and life !
What were the alternatives .... leave it shut down and closed down ? like an old ghost town ? or have a vision and do what you have to do to make that vision come true ! and here we are today ... still alive with prospects and hope !
If YNG does as it is now accomplishing and continues to produce its steady state of production and becomes a company with a positive cash flow and continues to expand ? then what do you think wil happen ? the shareprice will go up and those who have invested will see a very handsome return !
You don't build a company and mill from where this one wasn't to where it is today ... there are costs and there is a price to pay .... and the outstanding number of shares is one of those prices... but again on the upside is it makes this stock affordable for many and at least in my opinion a very good investment, tried and proven by me and others in the past.
Is it frustrating owning YNG .. yes ... but it is frustrating owning most stocks ! especially in these days. Had this mill been where it is today a year ago it would be a much different story and in my mind will be in the future as well.
My opinion only but one I have put my money where my mouth is and made a very very good return and have invested again and expect to see a great return again ...
Best of fortune to all !
Gerry